NLNG accused of US$1.05 billion misappropriation

It was reported that the Nigerian Liquified Natural Gas, NLNG has been investigated by the House of Representatives into alleged illegal withdrawal of US$1.05billion from NNPC’s (NLNG) dividend account and allegations that the MD/CEO, Tony Attah, and the GMD, NNPC, Mele Kyari are signatories to an account and have been moving and “squandering” monies belonging to the company without approval.

However in a statement issued by the NLNG, it stated that “the governance and controls around the Company’s finances make the allegations against the Managing Director and the GMD an impossible scenario and therefore members of the public are advised to disregard the allegations as it is totally baseless and simply untrue.”